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Unemployment / Home Construction Slump #476943

NBC Evening News for Friday, May 03, 1974
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(Studio) Unemployment drops from 5.1% to 5%. Available construction jobs drop by 70% in April.
REPORTER: Garrick Utley

(Lawton, Virginia) High interest rates cause construction slump. [Home Builders Association Nathaniel H. ROGG - says postwar babies looking for homes now and interest rates make home ownership nearly impossible.] [Home seller Emil KEEN - states many would-be home buyers apprehensive about ability to buy and pay for home.] Govt. agencies to make large sums of money available for mortgages, but it may worsen inflation
REPORTER: Irving R. Levine

Levine, Irving R.;
Utley, Garrick

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